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BW Businessworld

Copper Futures Fall On Weak Demand

Copper contracts for the September delivery eased by Rs 12.30, or 1.71 per cent, to Rs 708.85 per kg in a business turnover of 3,603 lots.

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Copper futures on Monday slipped 1.71 per cent to Rs 708.85 per kg, as participants cut their positions amid muted demand in the domestic market.

On the Multi Commodity Exchange, copper contracts for the September delivery eased by Rs 12.30, or 1.71 per cent, to Rs 708.85 per kg in a business turnover of 3,603 lots.

Analysts said trimming of positions by speculators due to muted demand in the spot market mainly led to the fall in copper prices here.

(PTI)


Tags assigned to this article:
copper Spot Demand